Need advice to close down your company?

Want to close your company and avoid personal liability?

Book a free initial consultation

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How can we help?

Do you have problems with HMRC debt, PAYE, cashflow or creditors?  Discuss the options for your insolvent business with our expert advisors.

The majority of companies that undergo an insolvent liquidation do so because of debt and cashflow problems.  This formal process is known as a creditors’ voluntary liquidation or CVL and allows the directors to choose and appoint an insolvency practitioner to sell off the remaining assets using the proceeds to pay a dividend to creditors.

McTear Williams & Wood can help you understand all the options available to you based on your current situation.  We’ll help you review all the guarantees you’ve made for your company debt helping you to minimise your personal liabilities.

Find out your best course of action for you and your company – speak to one of our advisors today.

The benefits of liquidating your company:

 
  • Resolves your company debt issues – clears your company debts, ends debt collection and allows you to write off all your bad debts.
  • Resolves legal issues – any court actions against you are halted avoiding formal procedures and you receive protection against allegations of wrongful trading.
  • Redundancy claims are paid – all employees can claim redundancy including you as a director of the company.
  • Business issues are finalised – leases are terminated and sold and a line is drawn under your failing business.
  • Free to start up a new company – with a creditors’ voluntary liquidation you can go on to start up a new business.

Tony Harrison

Director

Tony helps underperforming businesses using a professional and understanding approach and will listen to concerns on a without charge or commitment (on a confidential) basis and then advises on the available solutions.

With over 19 years of experience at McTear Williams & Wood Tony understands the challenges facing directors and managements of struggling companies and can provide assistance with first hand experience. His strengths lie in an ability to rapidly understand situations and react to turn them to an advantage.

Tony advocates an early confidential meeting as experience tells us that recovery options are often eroded over time.

Its never too early to talk

Don’t be nervous talking to an insolvency practitioner, if you’re worried you might be losing control contact us early, there’s more scope when people call us early as we’re able to offer turnaround possibilities.  We have over 20 years of experience working as a leading business rescue and insolvency expert across the South East.  Contact one of our professional experts today.

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